Taylor McMullen
Purchasing Rental Properties in an Expensive Marketplace.
Hello everyone, I am wondering if anyone has any experience investing in expensive market places? The 20% down payment can be a real challenge when the average property is $650k+It can be very tricky, especially for y...
Rick Grimsley
Are expenses looking for investment property deductable?
We are in contract to buy a home with a rental apartment unit. I spent money traveling to see the home in another state. Are these expenses deductible after we complete the purchase?
Wendy Schultz
Do you consider mortgage payments an expense?
I've debating in my mind if I should consider the mortgage payment in my expenses when determining profitability. Only the interest is truly an expense but a mortgage payment certainly impacts cash flow. How do you de...
Sean Stack
New business expenses deductible against w2 tax?
I formed an LLC for a home building business in 2022. It took a while to get things lined up but I'm finally getting the ball rolling here at the end of 2023. I just closed on a vacant lot, and am starting to get thin...
David C.
What do you use for Expense Ratio?
I’m looking at buying a LTR. When determining the net income, I simply multiply gross rents by an expense ratio to determine the net income. My question is, what do experienced LTR investors use for the expense rati...
Paul Haviland
Option Fee - Tax Accounting (Expense or Depreciate)
Hi Everyone - My question is in regards to tax returns. I'm interested to better understand if an option fee, for a property you successfully close on, is an expense, or somehow added to your basis and depreciated. ...
Stephen Brown
What are your general guidelines for expenses?
Hello all,I know that expenses vary on several factors and are different for every property. For example, you got to call an insurance agency to get a quote, rehab and maintenance will be different based on age, size,...
Nathan Herber
Reviewing MF Income Statement - "Extraordinary Expense" Question
Hello! Yes, this is my first post. I'm reviewing an OM along with an attached income statement in excel. Under expenses, they list "Partnership Expenses" and then "Extraordinary Expense" of $-5,833.15 for eight month...
Arun Gokhale
Class D/C Vaccancy Rates and Expenses
Hi everyone,Over the past year and a half I've delved fully into the world of lower income multi-family properties. Using various resources I was able to build out a cash flow model to help me analyze potential deals....
Nick L.
Can you daisy-chain expenses between properties
I'm looking to move into cheap, high cash flow properties. They will generate much more cash flow than can be sheltered through depreciation. Can I maximize my deductions by daisy-chaining expenses between properties?...